CHICAGO, IL--A first attempt to establish appropriate risk premiums for alternative investments within the senior housing/healthcare industry will be spelled out for institutional investors in a research paper to be presented during the 2008 Annual Research Conference of the Real Estate Research Institute (RERI) meeting April 29 and 30 at the Hotel Marlowe (above photo) in Cambridge, MA. Presenting the report will be Elaine Worzala, (top left photo) Professor and Director of the Center for Real Estate Development at Clemson University in Clemson, SC; Cambridge Chairman Jeffrey A. Davis (top right photo); and Judith F. Karofsky, President of Real Estate Insites, LLC of Madison, WI. The risk premiums established by the research team are based on the financial and regulatory characteristics of the alternative investments, Mr. Davis said.
He said the research examines the rapid development over the last 15 years of the senior housing market as a hybrid real estate investment incorporating the characteristics of multifamily, h
otel and medical office property investments. Risk premiums for independent living, assisted living, skilled nursing homes and continuing care retirement communities are established in the report. Mr. Davis said the specific findings of the research will include clear definitions of the alternative sub-sectors within the senior housing marketplace. The report will include an analysis of the various risks associated with investing in alternative senior housing investments, and will provide a snapshot view of current performance data on the various investment opportunities. Also included will be results of a survey of plan sponsors conducted by the Pension Real Estate Association.
Additional information on the RERI conference is available online at http://www.reri.org/. Phone: 860-692-6341.
About Cambridge Realty Capital Companies:
Privately owned since its founding in 1983 as a real estate investment banker specializing in commercial real estate properties, Cambridge emerged in the 1990s as one of the nation’s leading senior housing and healthcare debt and equity capital providers, closing more than 300 such transactions totaling more than $2.75 billion since then.
The company has a regional office in New York, affiliate office in Los Angeles, and correspondent relationships nationwide. The firm also has established key origination relationships and a dozen or more Internet-based strategies.
Cambridge’s award-winning Web site, www.cambridgecap.com, provides monthly rate updates for its debt and equity capital programs. The company also publishes the bi-monthly e-PULSE electronic newsletter, which delivers company news and feature stories via e-mail to corporate friends and clients.
For additional information, contact Cambridge at (312) 357-1601 or via e-mail at info@cambridgecap.com.
Contact:
Contact:
Evan Washington
Phone: (312) 521-7603
Fax: (312) 357-1611E-
Kenneth Blomsterberg, a vice president of investments in the Sacramento office of Marcus & Millichap, and Jesse Nickerman, an investment specialist in the firm’s Sacramento office, are representing the seller, Villas at Galleria LP.
